Is Baldwin, MI 49304 a buyer’s or seller’s market?

The Baldwin housing market right now

In the three months ending August 31, 2026, 12% of homes in Baldwin, MI 49304 sold above their list price, the typical home went under contract in 33 days and there were 4 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 42 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (13% then), homes sold more slowly (22 days then) and the median sale price rose 21% to $184,920. Overall, Baldwin is less competitive than a year ago, which gives buyers more room.

Within Lake County, homes here sell faster than in 80% of the county’s ZIP codes, and sell less often over asking than in 60%. On our competition score, Baldwin ranks #448 of 510 MI ZIP codes with enough sales (score 32 out of 100).

Nearby, buyers who want less competition could look at Chase 49623 (0% sold over asking) or Irons 49644 (4% sold over asking), while Branch 49402 (44% sold over asking) and Luther 49656 (25% sold over asking) are even more competitive.